Handelsbanken Tillväxtmarknad Obligation (A10 SEK)

Legal name: Handelsbanken Tillväxtmarknad Obligation (A10 SEK)
Bond Fund Registered in Sweden (UCITS) Bid

About risk

Historical yields are not a guarantee of future returns. A fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount. Note that a fund with risk level 5-7, as stated in the fund's fact sheet (KID), can vary greatly in value due to the fund's composition and management methodology. The prospectus, fund rules and KID are available under each fund. Summary of investors' rights.

Fact sheet and documents Print page
Factsheet and Information Brochure
Factsheet 
Target Market
Costs and charges
Fund rules (160 kB)
Prospectus (454 kB)
Periodic reports
Annual review (PF) (2122 kB)
Semi-annual report (PF) (195 kB)
Marketing material
Brief fund information 
Objectives and Investment Policy
The fund is actively managed, which means that the portfolio manager takes active, independent investment decisions. The long term objective of the fund is to exceed the returns of the underlying market, defined as the benchmark index.

Fund returns are determined by how the fund's investments in interest-bearing instruments increase or decrease in value. The fund invests mainly in interest-bearing instruments issued or guaranteed by states in emerging markets, primarily Latin America, Asia, Africa and Eastern Europe, including the Balkans and Baltics. Investments are largely made in the local currency, which results in a currency risk as well as the potential for higher returns.

The fund invests in interest-bearing financial instruments with a minimum rating of B- from Standard & Poor's or Nordic Credit Rating or a minimum of B3 from Moody's with the restriction that the combined holdings in the fund may not have an average rating below BB- from Standard & Poor's or Nordic Credit Rating, or Ba3 from Moody's.

The average residual duration of the fund’s investments is between 2 and 8 years.

The fund is not permitted to invest in corporate bonds due to its investment focus, which by definition means that controversial sectors are excluded.
The fund may invest in derivative instruments as part of its investment focus. The fund may invest a maximum of 10% of the fund capital in fund units.

We compare the fund's performance with JP Morgan EM GBI Diversified Index. As the fund is actively managed the performance will over time deviate from this index.

The shareclass does not distribute dividends. All income is reinvested in the fund. Normally, you may purchase and sell fund units every banking day.

Additional information about the sustainability work, the share class designation in parentheses and the management in relation to the funds benchmark index and risk level, may be found in the prospectus.

Recommendation: This fund may not be suitable for investors who plan to withdraw their money within 5 years.

Performance

Print
In percent including distribution
The bar chart above shows the fund’s historical performance in SEK, net of fees. If the fund pays dividends, performance is calculated with the distribution added back. Inflation has not been taken into account.
Performance Fund 1 Index 2
31.10.2024 5.34 6.01
2023 12.33 10.28
2022 4.98 -3.16
2021 0.05 -0.46
2020 -10.45 -10.42
Average. perf. Fund 1 Index 2
2 years 10.69 10.39
3 years 8.74 5.37
5 years 1.98 0.03
10 years 3.14 2.86
     
1 Calculated on the fund's monthly closing price
2 Benchmark index: JP Morgan EM GBI Diversified Index. The information in the table refers to the benchmark index valid at any given time. In the event the fund has previously had other benchmark indexes, this information can be found in the fund's annual report.

Largest holdings 31.10.2024

Peru (Republic Of) 6.95% 5.65%
Malaysia (Government Of) 4.762% 4.33%
Hungary (Republic Of) 4.5% 4.15%
Poland (Republic of) 6% 3.48%
Poland (Republic of) 7.5% 3.42%
Secretaria Tesouro Nacional 10% 3.42%
Romania (Republic Of) 6.7% 3.40%
Romania (Republic Of) 4.85% 3.32%
Romania (Republic Of) 5% 3.23%
Secretaria Tesouro Nacional 10% 3.14%

Duration 31.10.2024

4.16 years Duration for a fund is a measurement of the fund's sensitivity to changes in interest rates. The specific measurement used is a modified duration and indicates the estimated change to the fund's value when market rates increase or decrease by one (1) percentage point. Essentially, if market rates rise by 1% and the fund's duration is 4 years, fund returns will decrease by 4%, i.e., by the amount equivalent to the duration. The opposite applies when market rates decline, with returns increasing by the amount equivalent to the duration.

Risk measures (3 years) 31.10.2024

Total risk 7.88%
Total risk in index 9.38%*
Tracking error 3.77%*
Information ratio 0.89*
Sharpe ratio 0.84
Sharpe ratio index 0.34*
* Benchmark index: JP Morgan EM GBI Diversified Index. The information in the table refers to the benchmark index valid at any given time. In the event the fund has previously had other benchmark indexes, this information can be found in the fund's annual report.
Key figures for risk follow-up

Facts

Fund Facts
Fund managed by Alexander Gullnäs
Country of registration Sweden
Main category Bond Fund
Sub category -
Fund, date of launch 07.12.2018
Share class, date of launch 07.12.2018
Fund assets 213 MSEK (31.10.2024)
Reporting Currency SEK
Trading Currency -
Instrument category Uncomplicated
UCITS Yes
ISIN SE0011337484
Short name TVA10S
Available for sale Sweden
Fund Company Facts
Management Company Handelsbanken Fonder AB
Approval of fund operations 06.05.1991
Other approvals Discretionary Asset Management
Manager of Alternative Investment Funds (AIFs)
Provide investment advice
Receive and forward orders
Custodian Institution J. P. Morgan SE - Stockholm Bankfilial
Legal domicile of fund Stockholm, Sweden
Regulation Authority Swedish Financial Supervisory Authority
Auditor PricewaterhouseCoopers
Complaints Manager Jörgen Larson
Svenska Handelsbanken AB (PLC)

Historical yields are not a guarantee of future returns. The money you invest in a fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount.
Handelsbanken does not assume liability for any errors in the information.

Handelsbanken's funds are classified in seven risk classes, 1 for the lowest risk and 7 for the highest risk.